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KMBZ>Audio & Video on Demand>>Life As You Own It 3.29.14 Segment 3

Life As You Own It 3.29.14 Segment 3

Mar 29, 2014|

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  1. Life As You Own It 10.10.14 Segment 2

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    Fri, 10 Oct 2014

     

    real estate found at 4:50

    to. Just get it done now by the way I'm really instant real estate and learning all about the topic to talk about us thanks so much for putting on a great show each weekend. Way to go Emilia -- -- he's just so -- or lady would be great lady writes. Okay Craig says that the should Easter should you go is should they should be cell at the peak. Look for the peak or sell now you know it's interesting you brought up what she brought up earlier about interest rates the same thing applies to real estate values and prices well. Nobody can tell with the markets Kennedy for sure. There's there's obviously people on both sides of the debate that say that housing prices are gonna stagnate. Some say they're gonna continue to go up some -- gonna take way off some say they're gonna drop. So how are you gonna know when you're at compete how's your husband and an owner at the -- out anchor how many amazing intelligent genius level radio talk show guys you listen to -- Or on TV shows that you may watcher -- every -- not going to become some overnight period it can just tell what the market especially
  2. Life As You Own It 10.10.14 Segment 1

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    Fri, 10 Oct 2014

     

    kansas city royals found at 2:41

    you that are -- -- the boys in -- are there in Kansas City Royals . That's home base no pun intended for Craig and I Axworthy intergalactic headquarters where life is you own -- are based here
  3. Life As You Own It 10.10.14 Segment 3

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    Fri, 10 Oct 2014

     

    tax deductible found at 2:47

    times barring money for your home equity going to be the most tax efficient money you can borrow. Taking had a personal loan Carolina credit using other types of credit likely will not be tax deductible . Whereas depending on. Following the RS guidelines and you've got a note they are won't go until now with the limited time we have. If you follow along those guidelines and you've got that benefit especially. Do you there's always that 100000 dollar. One time you know benefit your your exemption is a 100000 dollars or anything above that he need to do it tax repairs CPA count but. And we folks it's tax efficient money your bar and another big one. All right last bit is from our friends at midwest professional insurance services 3COM and home insurance. Gaps that many of our listeners may have number one is up. Understand the replacement cost of
  4. Life As You Own It 9.30.14 Segment 2

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    Mon, 6 Oct 2014

     

    interest rates found at 1:48, 2:47, 6:00

    programs. Maybe conventional but there's going to be some significant adjustments to interest rates . In a situation like this you're gonna wanna have a a significant down payment if you're trying to go conventional because most
    a little bit now you're able to get a little bit better interest rates you're able to get the mortgage insurance products that are out there. And and it's going to be more formal process remind at home -- 700 above is is really ideally where you wanna beat. And we tell you there's adjustments 707 when he -- between 74740. And above typically 760 or higher. He would qualify for the lowest PMI rates if you're not put in 20% and -- -- mortgage insurance rates. You're also gonna qualify for the lowest interest rates . 74760. There are some minor adjustments -- once you get under 740 even though somebody with a 725 would be considered good credit score . He will pay slightly higher interest rates may even an eighth of a point higher the somebody with a 740 some -- scored. You're over 700 but not quite the seventh when he you're probably paying about a quarter point higher rate than your neighbor who might have that 74575760. Score. How much is an impact you well a 200000 dollar loan now thirty bucks so month. And I overtime -- in and a so it's important maximize the scores folks into get your foot in the door and if we wanna beat. Keep in mind to do that if you have a 76 -- our credit score . Or 740 -- seven when he or anything in there. Government loans there's not an adjustment so once you qualify for getting
    mortgage insurance. And realize a savings of 50810200. Dollars. At the same interest rates all about having one educate you and teaching you how to break down the numbers he can do it. Greg Craig what's not -- the agenda will keep your agenda have thought let's let's spouse's credit score and that how to actually what happens if I I just -- is there incumbent on their credit score and I do that no you can't if you're going on the more folks in you winning is allowing them we --
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Automatically Generated Transcript (may not be 100% accurate)

All right friends we are back sweet child oh hours. We are going to wrap up. The -- that you don't show right -- But the couple more tax saving tips for you perhaps -- landmark. The animal McDougal his middle initial is K so that's the entry access rights. Animal yes and threats make sure that they're okay folks. -- we've got to got a couple more for -- number seven is right up your state and local sales tax. Yeah itemize your taxes is so -- which -- between writing after state local six income taxes or the sum total of the state and local sales taxes that you paid. In 2013. Doctors CPA to decide it. Which of these two options will give you a larger. Deduction. And number eight is the -- deduct the cost of moving to your new job if you took if you accept a new job in 2013. Congratulations. If like many Americans you might. Have needed to move more than fifty miles from your previous home and order except this new position that means the cost of moving. May be tax deductible if you drove your car for example to your new town or city you can deduct. 24 cents per mile plus parking and tolls if you flew you conduct the cost of airfare and lodging. While traveling from your former home -- one. Two other items of good news. This tax deduction is available to people who claim the standard deduction who don't itemize and it's also available to self employed individuals. Who moved to a new location to run there business and Brent one other thing that I'll mention is that it kind of reminds me of that your movement more than fifty miles is also. Most of you -- know that if you own -- home and you have a gain if you're single file single. Up to 250000. Dollars. In gain on that investments that means you bought it for 250. And you made no improvements to it and sold it for up to 500000. Dollars doesn't matter we -- on when you sell it. But you up to 500000 dollars you would pay no taxes on net gain if you're married. You could sell a sucker for up to 750000. Dollars and -- pay no taxes on the gain. Just some people get a little caught up when they're moving it from more than fifty miles for a job. -- circumstance and they think. I can't. I'm gonna wait to market my house because I won't get the full I won't I'll be taxed. -- I'll have to pay capital gains one to determine the amount to understand that it's pro rated this little piece of mortgage planner should know so fewer their. Twelve of the 24 months that means if you had a gain of 125000. Filing single or 250000. Following joint. You're good to go. Hopefully that makes sense but the bottom line is speak with a certified mortgage -- because they can educate you and you just like I don't world record on ignoring the should he stay -- should -- -- -- not so how can I stop that from -- -- -- -- -- amazing speech mother of the music was just you know it's sheer thrill kill. Eat your heart out baby okay that's right our role -- will be -- in Chicago Illinois emailed the following question. Hey guys great show. You can answer this -- all right here's my situation -- owner older home that is worth about 250000 and I only go about 40000. I was approached by a person looking for home like mine and they made an offer of 250000 dollars. I don't want him to -- your home anyway because I feel like they're rebuilding this place bit by bit all the time. Should itself at all my equity down on a new home for the lowest payments for keep a lot of the money put on a smaller down payments. -- by home in the 300 period of 50000 dollar range mark. All right stay here again go sell -- home and death. Second part is. Put a modest amount down in a payment you can afford and still have that cash reserve cushion. Working harder if you ideally in the market. That's right I agree 100% yes I do like you get one right likely mean -- you know ideals aren't folks -- -- then another fantastic insolvent at least we think. Of life as you alone if you check and is out for the first time we hope you enjoyed the show we encourage you wherever you are you can check us out. The podcast you can go to iTunes. You can really check us out -- I heart radio you can go to YouTube and you can also go to our newest. Affiliate. Radio tune in radio. So we got you covered and we hope that you tune in next weekend. Why did you -- remember to speak that -- it.

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